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E3 Lithium (CVE:ETL) Stock Price Up 21.1% - Time to Buy?

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report)'s share price rose 21.1% on Wednesday . The company traded as high as C$1.64 and last traded at C$1.55. Approximately 809,715 shares changed hands during mid-day trading, an increase of 654% from the average daily volume of 107,436 shares. The stock had previously closed at C$1.28.

E3 Lithium Price Performance

The company has a current ratio of 12.10, a quick ratio of 3.82 and a debt-to-equity ratio of 1.05. The stock has a market cap of C$107.64 million, a price-to-earnings ratio of -11.28 and a beta of 0.69. The stock has a 50-day moving average price of C$0.83 and a two-hundred day moving average price of C$0.82.

About E3 Lithium

(Get Free Report)

E3 Lithium Limited engages in the development and extraction of lithium properties in Alberta. The company was formerly known as E3 Metals Corp. and changed its name to E3 Lithium Limited in July 2022. E3 Lithium Limited is headquartered in Calgary, Canada.

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